CGI Group (NYSE:GIB) Stock Rating Upgraded by TD Securities

CGI Group (NYSE:GIB) (TSE:GIB.A) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a report released on Friday,Zacks.com reports.

A number of other research analysts have also issued reports on GIB. UBS Group reduced their target price on shares of CGI Group from $112.00 to $105.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Royal Bank Of Canada dropped their price target on shares of CGI Group from $185.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of CGI Group in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $148.25.

CGI Group Trading Up 1.7%

CGI Group stock opened at $91.75 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $94.43 and a two-hundred day moving average price of $100.81. The firm has a market capitalization of $20.45 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 1.56 and a beta of 0.73. CGI Group has a 52-week low of $87.26 and a 52-week high of $122.79.

CGI Group (NYSE:GIB) (TSE:GIB.A) last posted its earnings results on Wednesday, July 30th. The technology company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $4.01 billion. CGI Group had a net margin of 11.01% and a return on equity of 18.53%. CGI Group’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.91 EPS. Sell-side analysts expect that CGI Group will post 5.79 earnings per share for the current year.

Institutional Trading of CGI Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GIB. GAMMA Investing LLC raised its holdings in shares of CGI Group by 9,881.5% in the 1st quarter. GAMMA Investing LLC now owns 2,695 shares of the technology company’s stock worth $269,000 after purchasing an additional 2,668 shares in the last quarter. First Affirmative Financial Network raised its holdings in shares of CGI Group by 3.8% in the 1st quarter. First Affirmative Financial Network now owns 2,905 shares of the technology company’s stock worth $290,000 after purchasing an additional 106 shares in the last quarter. Park Avenue Securities LLC bought a new stake in shares of CGI Group in the 1st quarter worth approximately $450,000. Farther Finance Advisors LLC raised its holdings in shares of CGI Group by 8.6% in the 1st quarter. Farther Finance Advisors LLC now owns 9,342 shares of the technology company’s stock worth $942,000 after purchasing an additional 739 shares in the last quarter. Finally, Moseley Investment Management Inc. bought a new stake in shares of CGI Group in the 1st quarter worth approximately $279,000. 66.68% of the stock is currently owned by institutional investors.

About CGI Group

CGI Inc, together with its subsidiaries, provides information technology (IT) and business process services. Its services include the business and strategic IT consulting, systems integration, and software solutions. The company also provides application development, modernization and maintenance, holistic enterprise digitization, automation, hybrid and cloud management, and business process services; intellectual property-based solutions; business consulting; managed IT services; and IT infrastructure services.